STRATEGY STUDIO / PUBLIC DATA EXPLORER

KCIG FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
KCIG FOUNDATION (EIN 13-7103160)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-11-15
IRS object ID
201803199349104360
Schema version
2017v2.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-11-15T16:38:30-05:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN133762892PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SOLOMON HIRSCH CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line121 REMSEN AVE SUITE 302AddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN137103160EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE KCIG FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKCIGBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line112 MELNICK DRIVEAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonISRAEL GROSSMANPersonNm
Person TitleTRUSTEEPersonTitleTxt
Signature2018-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPERRY DINTERPreparerPersonNm
PTINP00636558PTIN
Phone8455174222PhoneNum
Preparation2018-11-15PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address72.89.144.125IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-11-15IPDt
IP Tm15:38:30IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdD9394A5BDC34A7D4DCFF3C48000A20106D4C7C96AtSubmissionCreationDeviceId
At Submission Filing Device Id38C920EE3BB9B9E506E165D57DA0928C060BDC21AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$471,057FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$20,284ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$1,757DividendsRevAndExpnssAmt
Dividends Adj Net Incm$1,757DividendsAdjNetIncmAmt
Total Rev And Expnss$22,041TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Total Adj Net Incm$1,757TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$25LegalFeesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$25TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$19,850ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$19,850ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$19,875TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$19,850TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$2,166ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$1,757AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,891CashBOYAmt
Cash EOY$4,057CashEOYAmt
Cash EOYFMV$4,057CashEOYFMVAmt
Other Assets BOY$467,000OtherAssetsBOYAmt
Other Assets EOY$467,000OtherAssetsEOYAmt
Other Assets EOYFMV$467,000OtherAssetsEOYFMVAmt
Total Assets BOY$468,891TotalAssetsBOYAmt
Total Assets EOY$471,057TotalAssetsEOYAmt
Total Assets EOYFMV$471,057TotalAssetsEOYFMVAmt
Loans From Officers BOY$15,000LoansFromOfficersBOYAmt
Loans From Officers EOY$15,000LoansFromOfficersEOYAmt
Total Liabilities BOY$15,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$15,000TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$453,891UnrestrictedBOYAmt
Unrestricted EOY$456,057UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$453,891TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$456,057TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$468,891TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$471,057TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$453,891TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$2,166ExcessRevenueOverExpensesAmt
Subtotal$456,057SubtotalAmt
Tot Net Ast Or Fund Balances EOY$456,057TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$34,524AdjustedQlfyDistriYr1Amt
Adjusted Qlfy Distri Yr2$46,962AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$5,334NetVlNoncharitableAssetsYr2Amt
Distribution Yr28.804274DistributionYr2Rt
Adjusted Qlfy Distri Yr3$48,975AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$10,608NetVlNoncharitableAssetsYr3Amt
Distribution Yr34.616799DistributionYr3Rt
Adjusted Qlfy Distri Yr4$26,582AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$12,042NetVlNoncharitableAssetsYr4Amt
Distribution Yr42.207441DistributionYr4Rt
Adjusted Qlfy Distri Yr5$17,851AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$542NetVlNoncharitableAssetsYr5Amt
Distribution Yr532.935424DistributionYr5Rt
Total Distribution48.563938TotalDistributionRt
Average Distribution12.140985AverageDistributionRt
Net Vl Noncharitable Assets$463,150NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$5,623,097AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$5,623,097AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$19,850QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksTHE KCIG FOUNDATIONIndividualWithBooksNm
Phone8454266194PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line112 MELNICK DRAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ISRAEL GROSSMAN
12 MELNICK DRIVEMONSEYNY10952TRUSTEE1.50$0$0$0
MOLLY GROSSMAN
12 MELNICK DRIVEMONSEYNY10952TRUSTEE0.50$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$3,203AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$467,000FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$470,203TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$470,203AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$7,053CashDeemedCharitableAmt
Net Vl Noncharitable Assets$463,150NetVlNoncharitableAssetsAmt
Minimum Investment Return$23,158MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$23,158MinimumInvestmentReturnAmt
Distributable Before Adj$23,158DistributableBeforeAdjAmt
Distributable Before Ded$23,158DistributableBeforeDedAmt
Distributable As Adjusted$23,158DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$19,850ExpensesAndContributionsAmt
Qualifying Distributions$19,850QualifyingDistributionsAmt
Adjusted Qualifying Distri$19,850AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$23,158DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$17,824ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$25,980ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$48,445ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$46,695ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$34,524ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$173,468TotalExcessDistributionCyovAmt
Qualifying Distributions$19,850QualifyingDistributionsAmt
Applied To Current Year$19,850AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$3,308ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$3,308ExcessDistributionCyovAppCYAmt
Total Corpus$170,160TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$14,516ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$155,644ExcessDistriCyovToNextYrAmt
Excess From Year4$25,980ExcessFromYear4Amt
Excess From Year3$48,445ExcessFromYear3Amt
Excess From Year2$46,695ExcessFromYear2Amt
Excess From Year1$34,524ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerISRAEL GROSSMANContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonISRAEL GROSSMANRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line112 MELNICK DRIVEAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8454266194RecipientPhoneNum
Form And Info And MaterialsWRITTEN LETTERFormAndInfoAndMaterialsTxt
Submission DeadlinesNO DEADLINESSubmissionDeadlinesTxt
Restrictions On AwardsNO RESTRICTIONSRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSEE LIST ATTACHEDRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line112 MELNICK DRIVEAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeCHARITABLEGrantOrContributionPurposeTxt
Amt$19,850Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$19,850TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,757RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,757RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,757TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number4LineNumberTxt
Relationship StatementINVESTMENT SECURITIESRelationshipStatementTxt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonISRAEL GROSSMANContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line16 ELLISH PARKWAYAddressLine1Txt
CitySPRING VALLEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10977ZIPCd
FieldValueIRS element (for citing)
Total Contributions$20,284TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
Legal Fees$25LegalFeesAmt

Loans From Officers Schedule LoansFromOfficersSchedule

Loans From Officer LoansFromOfficerGrp

FieldValueIRS element (for citing)
Lender PersonISRAEL GROSSMANLenderPersonNm
Balance Due$15,000BalanceDueAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
LOAN RECEIVABLE SANZ INT$165,400$165,400$165,400
LOAN RECEIVABLE LEV LALEV$301,600$301,600$301,600

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonISRAEL GROSSMANPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line16 ELLISH PARKWAYAddressLine1Txt
CitySPRING VALLEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10977ZIPCd